The document discusses various concepts in consumer demand, including demand schedules, demand curves, and the effects of income and substitutions on purchasing behavior. It highlights specific phenomena such as the Veblen effect regarding prestige goods, Giffen goods, and factors influencing consumer preferences like income, related prices, wealth, market size, and expectations. Overall, it outlines the complexity of consumer choice and demand dynamics.

4. Demand Schedule › Demand
Curve

5.  Income Effect
 Substitution Effect

6. • Goods of high prestige value-
Veblen Effect
•Giffen goods

7. • Taste and preference
• Income
• Prices of related goods
• Wealth
• No. of consumers in the market
• Consumer’s expectation